Restaurant

Restaurant

Available

$275,000.00

Listing Number :

 3856

Status :

Available

Price :

$275000

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Description

This is a well established Restaurant doing business under the same management since 1997. The location is in an strip Mall with lots of anchor stores and chain restaurants and coffee shops around it. Plenty of free parking. Hours of operation; 6 x days a week (11 am-7 pm M- F / Sat.11 am- 3 pm). There are 3 to 4 employees with over $6,000 a month payroll. Seller claims his gross Annual Revenue is about $271.970.00 for 2020- In 2019 it was $523,336.00 and in 2018 seller shows Gross Revenue of 510,388.00. Rent is very low it is only $1,575.00 a month. Seller also claims his Net income for 2020 was $138,276.00.

#3856

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 1997
Year Purchased:
Business Type: Fast Food Restaurant
License(s) Required: Business, Health
Hours of Operation: 6 x days a week / 11 am-7 pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3856
Date Available: 4/12/2021
Reason For Sale:
Annual Total Revenue: 271,970
Annual Net Income: 138000
Inventory:
Monthly Payroll: 6000/m
Lease Information
Base Rent: 1,575/m
Lease Expires:
Lease Option:
NNN: Included
 
Financing Information
Down Payment: 275000
Owner Will Carry:
Other Finance Terms:

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